Freight Management Holdings Bhd plans to exit the marine transport business, which has been a drag on its performance in the past few years.

The Malaysian Investment Development Authority on behalf of the government has given Freight Management Holdings Bhd’s wholly owned subsidiary, FM Global Logistics (M) Sdn Bhd, a special incentive package for the development of an e-commerce fulfilment hub in Shah Alam, Selangor.

FM Global Logistics (M) Sdn Bhd has been granted a special incentive package from the Malaysian Investment Development Authority (Mida) for development of an e-Commerce fulfilment hub in Shah Alam, Selangor.